What Bolton’s exit means for the oil market

New National Security Adviser John Bolton listens as U.S. President Donald Trump holds a cabinet meeting at the White House in Washington, April 9, 2018.

Kevin Lamarque | Reuters

The exit of National Security Advisor John Bolton from the White House makes it less likely the situation between the U.S. and Iran will escalate to a military conflict, analysts said.

Oil prices traded lower after President Donald Trump tweeted Tuesday that he asked Bolton to resign. Seen as the most hawkish member of the president’s cabinet, Bolton told NBC News that he was resigning on his own volition and that Trump had not asked him to leave. The White House said there were several reasons for Bolton’s…